Two years after first teaming up with the Patriarca Group for the acquisition of Green Campus Park (formerly “Parc du Moulin à Vent”) in Vénissieux in association with Foncière Magellan and L’Auxiliare, Omnes is partnering with Patriarca to create Hummingbird, a new real estate investment vehicle.
Hummingbird’s goal is to develop projects that respond to major real estate challenges in terms of environmental performance, changing work habits and employee well-being. The new venture will build new projects but also reposition existing assets within the market by carrying out redevelopment work and also rethinking resource consumption. It will draw on the technical expertise and agility of the Patriarca Group to optimise the design, construction, operation and maintenance of properties.
Hummingbird has completed two transactions in Lyon since its creation in December 2020: the acquisition of an existing office building in the Gerland district and the start of a mixed-use construction project in the immediate vicinity of Jean Macé. The former will be renovated so as to improve its energy performance and put in place a system for tracking and optimising resource consumption, in view of the entry into force of the “Décret Tertiare”. The second property, which will qualify for BREEAM “Very Good” certification, will be built by the Patriarca Group in accordance with the highest energy and environmental performance standards. Several other projects are currently being examined.
The CEP fund (€120 million) finances construction or renovation projects targeting high energy and environmental performance for public and private buildings in the major French cities. Hummingbird is the CEP fund’s 10th investment.
Gonzague de Trémiolles, Director at Omnes, comments: “We are delighted to sign this new deal with the Patriarca Group, whose expertise in developing and redevelopment projects we know well. Hummingbird is a perfect example of our strategy of developing resilient real estate projects that serve their regions.”
Patriarca Group will be responsible for the (re)development and construction of the properties as well as technical management.
Olivier Faura, Chairman of the Patriarca Group, explains: “The creation of Hummingbird forms part of our national growth strategy of developing sustainable and environmentally friendly commercial real estate projects. We provide our technical expertise to this joint venture by fully managing the renovation, construction and technical maintenance solutions for the sites. With Hummingbird, we are targeting existing business parks, brownfield sites and high energy performance projects. The CEP fund managed by Omnes is perfectly in line with this objective.”
Participants:
Omnes (Gonzague de Trémiolles, Morgane Honikman)
Patriarca Group (Olivier Faura, Benoit Poinas)
Press contacts
Omnes: Aurélie Blanchard-Massoni – aurelie.blanchard-massoni@www-rec.omnescapital.com – +33 7 63 13 65 74
Patriarca: Sophie Ayme – s.ayme@Patriarca.fr – +33 6 11 28 40 08